Home > Politics > President Obama Signs Bill to End Shutdown, Avert Debt Default

President Obama Signs Bill to End Shutdown, Avert Debt Default

Thursday, October 17th, 2013 Leave a comment Go to comments

On early Thursday morning, President Obama signed the bill that reopens the government and raises the debt ceiling, officially ending the 16-day shutdown, the White House said.

From CNN:

Weeks of bitter political fighting gave way to a frenzied night in Washington as Congress passed a bill Wednesday that would end the partial government shutdown and prevent the country from crashing into the debt ceiling. Congress worked precariously close to the midnight debt ceiling deadline amid warnings the government could run out of money to pay its bills if it didn’t hike the debt ceiling. But the deal is only a temporary fix.

 

Other highlights regarding the government shutdown and bill that reopens the government:

  • Federal workers can expect to return to work Thursday morning.
  • Most House Republicans voted against budget bill, but it still passed.
  • Asked whether there will be a similar crisis in a few months, Obama flatly says “no.”
  • The shutdown began on October 1; U.S. borrowing authority was set to expire on Thursday.

 

Source: CNN

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